What is Simone Biles’ net worth?

Simone Biles is a living legend. Gymnastics’ GOAT has earned the most medals of any gymnast ever, including the Presidential Medal of Freedom from President Joe Biden yesterday.

Simone Biles pic

At 25, Simone is the youngest person to receive this coveted award, which she thanked for her efforts to advocate for survivors of sexual assault and eliminate mental health stigma. “Today, she adds to her medal count,” President Biden said Thursday, per Yahoo! Play. “I don’t know how you’re going to find the room.”

It’s clear that Simone is no stranger to success and everything that comes with it.

But how much is all this really worth? With her seven Olympic medals and her many, many achievements raising awareness of social issues, it’s hard not to wonder what Simone Biles’ net worth is now.

Let’s just say it: She’s not taking pains for the money. Here’s how Simone makes the dough.

Simone has made some money from her Olympic medals.
Let’s break it all down, shall we? Simone has seven Olympic medals to her name. According to PopSugar, she earned four gold medals and one bronze from the 2016 Rio Games, and a silver and bronze medal from the Tokyo Olympics in 2021.

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American Olympians get a little cash for bringing home gold (and silver, and bronze). Here’s an analysis of the numbers in 2022, according to Forbes:

$37,500 for each gold medal
$22,500 for each silver medal
$15,000 for each bronze medal

But Simone actually makes money through endorsement deals.
Simone has some solid endorsement deals under her belt. Here’s a breakdown of some, not all (!), of the big celebrities associated with them:

  • athlete
  • beats by dre
  • candid medical
  • core power fitness shakes
  • GK Elite
  • Hershey’s
  • Kellogg’s
  • master Class
  • mattress firm
  • SK-II
  • Uber Eats
  • United Airlines
  • Visa
  • Details of her contracts haven’t been made public, but with commercials running regularly (including the hilarious Uber Eats with Jonathan Van Ness), it’s safe to say she’s doing OK RN.

Collectively, Simone earns at least $5 million annually in advertising, according to Forbes. This amount puts her ahead of many other famous athletes, such as Katie Ledecky who earns $3 million, and Sue Bird trailing behind with $1 million in annual endorsements.

Simone also does social media spawn-con.
Of course – everyone does. Simone has 6.8 million followers on Instagram and is an advertiser’s dream. It has rolled out a number of sponsored content for Kellogg’s Wheaties, including this ad:

 

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A post shared by Simone Biles (@simonebiles)




She bought a house in 2020.

The gymnast bought a 4,000-square-foot home near Houston, Texas in 2021, the NY Post reported. It has four bedrooms, three and a half bathrooms and a pool that Simone installed after her purchase. I look so beautiful!

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According to property records, the home is worth less than $750,000, according to the NY Post.

Simone lives there with her fiancé, Jonathan Owens, an NFL football player, and her English bulldog named Zeus.

 

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A post shared by Simone Biles (@simonebiles)





Her engagement ring is estimated to be worth $300K.
Yes, his rock is very valuable.

Last February, the famed Olympian and Houston Texan safety got engaged. According to Use Magazine, Jonathan Owens proposed an eight-carat engagement ring that cost around $300,000.

What is Jonathan Owens’ net worth?

According to Life & Style, the athlete’s net worth is estimated to be around $5 million.

 

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In 2020, Jonathan signed a two-year contract with his current football team, the Houston Texans, which was valued at $1,390,00. However, according to Sportrac, in 2021, his average annual base salary was reported to be $780,000. The site expects to make $895,000 in 2022.

So, what is Simone Biles’ net worth?

According to Celebrity Net Worth, Simone is worth $16 million (up from last year’s $6 million!). But again, with all of Simone’s successes that number could go up even more.

 

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